Exam 6: Organizational Strategy

In the context of the BCG matrix, which of the following businesses would be classified as a cash cow?

The positioning strategy of using cost leadership or differentiation to produce a specialized product or service for a limited, specially targeted group of customers in a particular geographic region or market segment is called a _____.

Unlike the distinctive competencies of a company, the core capabilities of a company:

According to portfolio strategy, the more businesses in which a corporation competes, the larger its overall chances of failing.

Heeleo Inc. is a television manufacturer that has been in the market for several years. Most television companies are now manufacturing LED and smart televisions as they provide more utility and a better viewing experience when compared to direct view televisions. Heeleo, however, has been reluctant to adopt new strategies because it thinks that its direct view televisions were selling well when it first started and will continue to sell the same way even if new competitors and better products enter the market. Which of the following concepts is illustrated in this scenario?

Andersen Major has five strategic business units (SBUs)-technology, fashion, food and beverage, consumer products, and electronics. Its food and beverage unit has a small share in a rapidly growing sector, and the company believes that investing more money into the unit could lead to large profits in the future. In the context of the BCG matrix, which of the following categories of SBUs best describes the food and beverage unit?

Kensei Corp. has three strategic business units (SBUs)-pharmaceutical, publishing, and consulting. Its pharmaceutical unit is relatively new in the sector and does not have a large market share. The pharmaceutical sector is a fast-growing sector, and companies with a large market share in the sector have been earning large profits. In the context of the BCG matrix, which of the following categories of SBUs best describes the pharmaceutical unit?

In the context of adaptive strategies, which of the following is a difference between reactors and prospectors?

FreeSpirit is a global consumer products company. It manufactures a number of new products ranging from personal care to food and beverages. Its products are sold all across the world, and it continuously keeps searching for new markets to sell its products. It has also doubled its investment to market its products, and it invests heavily in social media and other advertisement mediums. In the context of adaptive strategies, FreeSpirit is most likely to be categorized as a(n) _____.

Jake Lamps manufactures lamps, lights, shades, and bulbs. Its lighting lasts long and saves power, and it is superior in quality when compared to all its competitors. Its products are being sold at the lowest price in the market. In the context of industry-level strategy, the company is most likely using a(n) _____.

In the context of direct competition between firms, _____ affects the likelihood of an attack or a response to an attack.

A situational analysis is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

Imperfectly imitable resources are those resources that are impossible or extremely costly or difficult to duplicate.

Rare resources are resources that are not controlled or possessed by many competing firms and are necessary to sustain a competitive advantage.

SmartHand, a company that manufactures wrist watches, has started manufacturing and selling sunglasses in the American market. The products turn out to be a huge success. Inspired by SmartHand's success, Jeremy & Daniel, manufacturers of wrist watches in Europe, start selling sunglasses in the European market. In the context of adaptive strategies, Jeremy & Daniel would most likely be categorized as a(n) _____.

A competitive advantage becomes a sustainable competitive advantage when:

Unlike valuable resources, rare resources:

Jameson&Dawson has four strategic business units (SBUs)-agriculture, automobiles, advertising, and accommodations. The agriculture industry is a rapidly growing industry, and Jameson&Dawson's SBU holds majority of the market share in the industry. Hence, the company earns large profits from its agriculture unit and invests majority of its funds in it. In the context of the BCG matrix, which of the following categories of SBUs best describes the agriculture unit?

Maymart Inc. sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of its competition. It has also not compromised on the quality of its products as Maymart's suppliers and vendors sell best quality raw materials at the lowest prices. In the context of Porter's positioning strategies, which of the following strategies has been adopted by Maymart?

Tots County manufactures clothing and apparel exclusively for children in the age group of one to six years. In this scenario, the company is most likely using a(n) _____.